Development Properties: Jacksons Corner, 1-9 King’s Road, Reading, RG1 3AS

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Jacksons Corner, 1-9 King’s Road, Reading, RG1 3AS

OIEO £5,250,000 subject to contract

- Located in the town centre and just a 5 minute walk to Reading Station

- Planning permission approved for 33 x flats:

- 18 x conversion of the existing upper parts
- 15 x new build flats at the rear
- 18 x 1 bed, 13 x 2 bed, 2 x 3 bed

- There has been a positive pre-app for an alternative scheme to provide 59 x serviced apartments (plans available upon request)

- Total proposed NIA – 19,977ft

- Total proposed GIA – 22,307ft

- CIL - £210,000.

- Guiding OIEO £5,250,000 for the upper parts and rear element only on the basis of a 999 year lease.